La banque d'un monde qui change 2004 - BNP Paribas

Consolidated FInancial statementsNOTE 33NET COMMISSIONSIn millions of eurosNet2004 2003 2002Commissions on interbank and money-market transactions 174 181 181Commissions on customer transactions 1,632 1,482 1,530Commissions on securities transactions 111 145 (103)Commissions on foreign exchange and arbitrage transactions (4) (9) 10Commissions on securities commitments 277 193 113Commissions on forward financial instruments (158) (143) (124)Commissions on financial services rendered:• Commissions on securities managed or on deposit:- Custody fees 188 170 184- Mutual fund management 818 732 739- Management of customer securities portfolios 168 200 218- Other commissions on securities managed or on deposit 30 32 30Total commissions on securities managed or on deposit 1,204 1,134 1,171• Commissions on securities transactions carried out on behalf of customers:- For purchases and sales of securities 256 257 302- For purchases and sales of mutual fund shares 131 124 139- Other commissions on securities transactions carried out on behalf of customers 271 273 248Total commissions on securities transactions carried out on behalf of customers 658 654 689• Other commissions:- Commissions on customer assistance and advisory services 637 428 508- Commissions on payment instruments 579 558 552- Commissions on other financial services (1,115) (970) (908)- Expense recoveries 111 118 116- Commissions on miscellaneous revenues 388 365 350- Commissions on other banking transactions 193 157 93Total other commissions 793 656 711Total commissions on financial services 2,655 2,444 2,571Net commissions 4,687 4,293 4,178Total commissions represented 24.9% of net banking income in 2004 (23.9% in 2003 and 24.9% in 2002).257BNP PARIBAS - ANNUAL REPORT 2004